Housing Market Analysis for REA CLOSE, B31 4TT

Are you looking to understand B31 4TT house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Birmingham postcode.

For the location information and nearby amenities in the B31 4TT area, explore the B31 4TT Area information page.
For comprehensive crime statistics in the B31 4TT area, explore the B31 4TT Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the B31 4TT postcode area, The average prices are as follows,

  • Semi-Detached
    • The average price is around £100,875 median price is £100,000 Standard Deviation is £34,440 with Total Sold: 8
    • The most recent sale happened at this postcode is 10 REA CLOSE: £148,000 (Sold on 12 Aug 2016)
    • The first recorded sale happened at this postcode is 5 REA CLOSE: £57,000 (Sold on 30 Jan 1998)

Sold Price Trend Over the Years:

Below table and chart gives the average B31 4TT house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2016£148,000 £2,000 1
2011£100,000 £1,605 1
2009£100,0001
2006£152,0001
2005£118,0001
2001£65,0001
2000£67,0001
1998£57,0001

All the Sales in the REA CLOSE, B31 4TT

See the table below for more details on the sold house prices in the B31 4TT, Birmingham postcode.

AddressSold DatePrice% Change
10 REA CLOSESemi-Detached, FreeholdArea: 74 Sq.mtrAge: 1950-196612 Aug 2016£148,000First Sale
9 REA CLOSESemi-Detached, FreeholdArea: 62.32 Sq.mtrAge: 1950-196607 Oct 2011£100,000First Sale
6 REA CLOSESemi-Detached, Freehold29 Jan 2009£100,000First Sale
4 REA CLOSESemi-Detached, Freehold26 Apr 2006£152,000First Sale
7 REA CLOSESemi-Detached, Freehold21 Dec 2005£118,000First Sale
2 REA CLOSESemi-Detached, Leasehold30 Mar 2001£65,000First Sale
17 REA CLOSESemi-Detached, Freehold07 Jul 2000£67,000First Sale
5 REA CLOSESemi-Detached, Leasehold30 Jan 1998£57,000First Sale

Check out the sold house prices near the B31 4TT postcode. Properties currently for saleProperties currently for rent

REA CLOSE, B31 4TT Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the B31 4TT postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the B31 4TT postcode.

  • Terraced
    • The average price is around £107,897 median price is £108,000 Standard Deviation is £58,801 with Total Sold: 885
    • The Last 5 Year average price is £175,666 with Total Sold: 153
    • The most recent sale happened at this postcode is , 104 NUTHURST ROAD: £222,000 (Sold on 20 Sep 2024)
    • The first recorded sale happened at this postcode is , 34 BEECHES WAY: £48,000 (Sold on 11 Jan 1995)
  • Semi-Detached
    • The average price is around £122,418 median price is £121,500 Standard Deviation is £58,509 with Total Sold: 925
    • The Last 5 Year average price is £195,667 with Total Sold: 180
    • The most recent sale happened at this postcode is , 107 GROVELEY LANE: £275,000 (Sold on 29 Aug 2024)
    • The first recorded sale happened at this postcode is , 34 LONGHURST CROFT: £60,000 (Sold on 27 Jan 1995)
  • Detached
    • The average price is around £198,317 median price is £195,000 Standard Deviation is £65,268 with Total Sold: 165
    • The Last 5 Year average price is £265,997 with Total Sold: 17
    • The most recent sale happened at this postcode is , 58 GROVELEY LANE: £262,000 (Sold on 21 Jun 2024)
    • The first recorded sale happened at this postcode is , 282 LONGBRIDGE LANE: £59,000 (Sold on 01 Mar 1995)
  • Flat
    • The average price is around £90,685 median price is £85,000 Standard Deviation is £40,233 with Total Sold: 198
    • The Last 5 Year average price is £119,083 with Total Sold: 42
    • The most recent sale happened at this postcode is , 55 WESTMINSTER PLACE: £94,500 (Sold on 08 Mar 2024)
    • The first recorded sale happened at this postcode is , 72 CLEE ROAD: £34,000 (Sold on 17 Feb 1995)
  • Other
    • The average price is around £160,044 median price is £125,000 Standard Deviation is £118,368 with Total Sold: 17
    • The Last 5 Year average price is £164,662 with Total Sold: 8
    • The most recent sale happened at this postcode is , 94 NUTHURST ROAD: £90,000 (Sold on 10 Feb 2023)
    • The first recorded sale happened at this postcode is , 230 LONGBRIDGE LANE: £235,200 (Sold on 07 May 2014)

Sold Price Trend Over the Years:

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£182,1258
2023£201,078 £2,701 25
2022£196,000 £2,628 22
2021£174,483 £2,295 34
2020£160,294 £2,011 36
2019£156,357 £2,136 28
2018£151,407 £2,003 27
2017£165,927 £2,212 30
2016£145,410 £1,834 23
2015£126,389 £1,677 41
2014£118,355 £1,574 31
2013£105,949 £1,382 23
2012£104,715 £1,347 23
2011£110,925 £1,524 18
2010£126,398 £1,691 22
2009£121,744 £1,579 8
2008£105,913 £1,541 29
2007£120,234 £1,593 50
2006£107,476 £1,477 37
2005£107,705 £1,402 28
2004£95,344 £1,367 34
2003£91,370 £1,183 32
2002£77,203 £1,009 32
2001£60,017 £762 41
2000£50,267 £630 40
1999£48,576 £655 26
1998£47,891 £650 41
1997£46,860 £671 43
1996£44,680 £560 30
1995£43,007 £533 23
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£230,875 £2,059 14
2023£217,056 £2,590 26
2022£203,869 £2,681 32
2021£181,605 £2,427 38
2020£187,820 £2,259 33
2019£181,662 £2,234 37
2018£163,210 £1,962 31
2017£153,630 £1,904 27
2016£146,313 £1,808 29
2015£128,626 £1,578 31
2014£134,964 £1,621 35
2013£130,680 £1,487 22
2012£123,957 £1,522 14
2011£119,688 £1,498 24
2010£119,369 £1,432 18
2009£131,655 £1,421 24
2008£145,711 £1,642 25
2007£135,322 £1,600 40
2006£126,762 £1,491 49
2005£121,560 £1,558 32
2004£115,115 £1,501 39
2003£101,560 £1,170 37
2002£85,287 £959 34
2001£68,020 £824 43
2000£60,795 £778 39
1999£56,706 £649 38
1998£46,771 £548 31
1997£46,178 £576 27
1996£51,020 £495 22
1995£43,830 £548 34
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£239,0002
2022£315,000 £3,060 2
2021£230,494 £3,231 8
2020£335,000 £3,259 3
2019£282,500 £2,268 2
2018£252,500 £2,277 7
2017£224,750 £2,365 10
2016£234,583 £2,523 6
2015£207,188 £2,259 8
2014£205,125 £2,185 8
2013£201,770 £1,953 4
2012£233,700 £1,997 5
2011£216,400 £2,453 5
2010£203,414 £2,339 7
2009£211,861 £2,055 9
2008£231,461 £2,243 9
2007£190,000 £1,927 5
2006£225,000 £1,923 3
2005£221,000 £1,955 2
2004£208,564 £2,226 7
2003£188,4754
2002£164,025 £1,598 18
2001£159,482 £1,308 17
2000£131,250 £717 2
1999£67,315 £993 3
1998£75,200 £629 5
1996£49,5002
1995£62,000 £1,121 2
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£124,500 £1,688 3
2023£127,000 £2,252 9
2022£116,500 £1,903 7
2021£120,200 £1,855 5
2020£113,107 £1,997 14
2019£121,250 £1,802 4
2018£115,188 £2,088 8
2017£99,720 £1,709 10
2016£104,630 £1,744 10
2015£88,900 £1,460 5
2014£91,750 £1,527 6
2013£74,833 £1,128 3
2012£66,250 £1,148 4
2011£68,333 £1,173 6
2010£94,225 £1,463 2
2009£85,333 £1,512 9
2008£126,188 £2,358 15
2007£124,694 £2,068 17
2006£83,890 £1,329 5
2005£74,875 £1,220 4
2004£81,338 £1,329 8
2003£64,112 £1,067 4
2002£50,038 £931 8
2001£38,990 £650 5
2000£35,779 £562 7
1999£32,650 £554 3
1998£27,2501
1997£34,375 £531 8
1996£33,833 £462 3
1995£30,400 £513 5
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£90,0001
2022£355,0001
2021£262,500 £1,453 2
2019£86,825 £293 4
2018£95,0001
2017£159,583 £1,671 3
2016£161,500 £1,846 3
2014£172,600 £4,704 2

House Type in B31 4TT area

The most common house types in the B31 4TT postcode area are Semi-detached (84), Terraced (42), and Detached (11).

Total143
Semi-detached84
Terraced42
Detached11
Flat6
Shared house0
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (70), and Owned: Owns with a mortgage or loan (49).

Owned: Owns outright70
Owned: Owns with a mortgage or loan49
Private rented: Private landlord or letting agency15
Social rented: Other social rented6
Shared ownership: Shared ownership1
Private rented: Other private rented1
Does not apply0
Social rented: Rents from council or Local Authority0
Lives rent free0

Number of People in a Household

The most houses in the B31 4TT have 1 person in household (53), and 2 people in household (43).

1 person in household53
2 people in household43
3 people in household25
4 people in household16
6 people in household3
5 people in household2
0 people in household0
7 people in household0
8 or more people in household0